v3.26.1
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating revenues        
Electric $ 982 $ 958 $ 1,960 $ 1,896
Natural gas 225 260 755 887
Other 8 8 19 20
Total operating revenues 1,215 1,226 2,734 2,803
Operating expenses        
Electric fuel and purchased power 264 309 594 629
Cost of natural gas sold and transported 47 80 275 344
Cost of sales — other 1 1 3 3
Operating and maintenance expenses 236 238 467 480
Demand side management expenses 56 50 116 112
Depreciation and amortization 303 270 595 543
Taxes (other than income taxes) 73 73 145 141
Marshall Wildfire litigation 3 0 (19) 0
Total operating expenses 983 1,021 2,176 2,252
Operating income 232 205 558 551
Other income, net 11 10 16 16
Allowance for funds used during construction — equity 60 30 111 52
Interest charges and financing costs        
Interest charges and other financing costs 137 102 264 201
Allowance for funds used during construction — debt (26) (13) (47) (22)
Total interest charges and financing costs 111 89 217 179
Income before income taxes 192 156 468 440
Income tax (benefit) expense (7) 0 7 26
Net income $ 199 $ 156 $ 461 $ 414